Kayes Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and
Question:
Kaye’s Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 4.8 million shares outstanding. The firm’s total capital is $110 million and it finances with only debt and common equity. What is its debt-to-capital ratio?
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Since the firms MB ratio 1 then its total market value of equity is equa...View the full answer
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Related Book For 
Fundamentals of Financial Management
ISBN: 978-1305635937
Concise 9th Edition
Authors: Eugene F. Brigham
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